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Marvell Technology - MRVL Stock Forecast, Price & News

$41.54
+1.13 (+2.80%)
(As of 12/8/2022 01:27 PM ET)
Add
Compare
Today's Range
$40.17
$42.02
50-Day Range
$36.71
$48.36
52-Week Range
$35.30
$93.85
Volume
227,782 shs
Average Volume
11.23 million shs
Market Capitalization
$35.44 billion
P/E Ratio
N/A
Dividend Yield
0.58%
Price Target
$64.31

Marvell Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
54.8% Upside
$64.31 Price Target
Short Interest
Healthy
2.18% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
-0.37mentions of Marvell Technology in the last 14 days
Based on 61 Articles This Week
Insider Trading
Selling Shares
$886,800 Sold Last Quarter
Proj. Earnings Growth
-3.27%
From $1.53 to $1.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Business Services Sector

23rd out of 320 stocks

Semiconductors & Related Devices Industry

10th out of 91 stocks

MRVL stock logo

About Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

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MRVL Stock News Headlines

Warren Buffet Bought Taiwan Semiconductor Stock, Should You? (MRVL)
On Nov. 14, 2022, Warren Buffet’s Berkshire Hathaway (NYSE: BRK.A) reported a new investment in its quarterly 13-F filing indicating a 60.1 million share
Marvell Technology (NASDAQ:MRVL) PT Lowered to $55.00
Marvell Technology Slips After Q3 Earnings, Outlook Shy Of Estimates
See More Headlines
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MRVL Company Calendar

Last Earnings
12/01/2021
Ex-Dividend for 10/26 Dividend
10/06/2022
Dividend Payable
10/26/2022
Today
12/08/2022
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/01/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
Employees
6,729
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$64.31
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+54.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
25 Analysts

Profitability

Net Income
$-421,030,000.00
Pretax Margin
1.89%

Debt

Sales & Book Value

Annual Sales
$4.46 billion
Cash Flow
$2.74 per share
Book Value
$18.24 per share

Miscellaneous

Free Float
849,361,000
Market Cap
$35.44 billion
Optionable
Optionable
Beta
1.40

Social Links


Key Executives

  • Mr. Matthew J. MurphyMr. Matthew J. Murphy (Age 49)
    Pres, CEO & Director
    Comp: $3.55M
  • Ms. Jean X. HuMs. Jean X. Hu (Age 59)
    Chief Financial Officer
    Comp: $1.56M
  • Mr. Raghib Hussain (Age 50)
    Pres of Products & Technologies
    Comp: $1.58M
  • Mr. Mitchell Lee GaynorMr. Mitchell Lee Gaynor (Age 62)
    Exec. VP, Chief Admin. & Legal Officer and Sec.
    Comp: $1.32M
  • Mr. Daniel W. ChristmanMr. Daniel W. Christman (Age 50)
    Exec. VP of Storage Products Group
    Comp: $1.2M
  • Dr. Sehat Sutardja Ph.D. (Age 60)
    Co-Founder
  • Ms. Weili Dai (Age 60)
    Co-Founder
  • Mr. Christopher Koopmans (Age 45)
    Chief Operations Officer
  • Mr. Willem A. MeintjesMr. Willem A. Meintjes (Age 42)
    Chief Accounting Officer
  • Mr. Mark J. Casper Esq.
    Sr. VP & Gen. Counsel













MRVL Stock - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRVL shares.
View MRVL analyst ratings
or view top-rated stocks.

What is Marvell Technology's stock price forecast for 2023?

25 brokerages have issued 12-month price targets for Marvell Technology's shares. Their MRVL share price forecasts range from $41.00 to $125.00. On average, they predict the company's share price to reach $64.31 in the next year. This suggests a possible upside of 55.1% from the stock's current price.
View analysts price targets for MRVL
or view top-rated stocks among Wall Street analysts.

How have MRVL shares performed in 2022?

Marvell Technology's stock was trading at $87.49 at the beginning of 2022. Since then, MRVL stock has decreased by 52.6% and is now trading at $41.47.
View the best growth stocks for 2022 here
.

When is Marvell Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MRVL earnings forecast
.

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) announced its quarterly earnings data on Wednesday, December, 1st. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The semiconductor company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.15 billion. Marvell Technology had a positive trailing twelve-month return on equity of 8.50% and a negative net margin of 2.43%. Marvell Technology's revenue was up 61.5% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS.

How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?

Marvell Technology announced a quarterly dividend on Friday, September 23rd. Shareholders of record on Friday, October 7th will be paid a dividend of $0.06 per share on Wednesday, October 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for MRVL
.

Is Marvell Technology a good dividend stock?

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.58%.
Read our dividend analysis for MRVL.

What guidance has Marvell Technology issued on next quarter's earnings?

Marvell Technology updated its fourth quarter 2023 earnings guidance on Thursday, December, 1st. The company provided EPS guidance of $0.41-$0.51 for the period, compared to the consensus estimate of $0.62. The company issued revenue guidance of $1.33 billion-$1.47 billion, compared to the consensus revenue estimate of $1.61 billion.

What is Matt Murphy's approval rating as Marvell Technology's CEO?

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Marvell Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

What is Marvell Technology's stock symbol?

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology's major shareholders?

Marvell Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.82%), BlackRock Inc. (7.32%), State Street Corp (2.19%), Price T Rowe Associates Inc. MD (1.96%), Fisher Asset Management LLC (1.36%) and Brown Advisory Inc. (1.31%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Richard Hill, Willem A Meintjes and Willem A Meintjes.
View institutional ownership trends
.

How do I buy shares of Marvell Technology?

Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Marvell Technology's stock price today?

One share of MRVL stock can currently be purchased for approximately $41.47.

How much money does Marvell Technology make?

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $35.38 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

How many employees does Marvell Technology have?

The company employs 6,729 workers across the globe.

Does Marvell Technology have any subsidiaries?
The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
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How can I contact Marvell Technology?

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.

This page (NASDAQ:MRVL) was last updated on 12/8/2022 by MarketBeat.com Staff